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Home > Ferrosilicon News > News Detail
Ferrosilicon News

SunSirs: Demand Still Performed Poorly, and the Ferrosilicon Market Was Operating Weakly and Steadily

July 30 2024 10:06:54SunSirs(John)

Price trend

This week, the ferrosilicon market had been running weakly. According to the commodity market analysis system of SunSirs, on July 26th, the market price of ferrosilicon (grade: FeSi75-B; particle size grade/mm: natural block) in Ningxia was 6,400-6,500 RMB/ton, with an average market price of 6,488 RMB/ton, a decrease of 0.76% from the beginning of the week.

Analysis review

Raw material semi-coke market: This week, the national semi-coke market had been operating steadily, and there had been no adjustments in enterprise quotations. As of July 26th, the mainstream prices for small and medium-sized materials in the Shenmu market were 855-920 RMB/ton, and 650-710 RMB/ton for coke flour; The mainstream prices for small and medium-sized materials in the Fugu market were 880-1,000 RMB/ton, and 700-750 RMB/ton for coke flour; The mainstream price of coke in the Zhongwei market was 670 RMB/ton; Shizuishan market mixed material costed 720 RMB/ton; The price of small and medium-sized materials in the Ordos market was 840-920 RMB/ton, and the price of coke flour was 730-740 RMB/ton; The price of small and medium-sized materials in Hohhot market was 920-950 RMB/ton, and the price of coke flour was 750 RMB/ton; The price of small and medium-sized materials in Hami market was 920-1,050 RMB/ton, coke flour was 380-1,050 RMB/ton, and mixed materials were 290-360 RMB/ton; The price of small and medium-sized materials in Changji market was 850-1,220 RMB/ton, and the price of coke flour was 550 RMB/ton, all of which were ex factory cash prices including tax. The price of small and medium-sized materials in Tianjin Port's Lan Charcoal was 1,180-1,220 RMB/ton, and the price of coke flour was 950 RMB/ton, all of which were cash inclusive of taxes at the port closing price.

Regarding the commencement of work

According to incomplete statistics, the national operating rate (capacity utilization rate) was 39.33%, an increase of 0.65% compared to the previous period; The daily output was 16,345 tons, a decrease of 70 tons from the previous period.

In terms of demand

This Friday, the supply and demand of major steel products had both decreased, and the demand performance was still poor. The downstream had a low willingness to stockpile ferrosilicon and was cautious in procurement. As the end of the month approached, some steel mills had started purchasing in August. The latest steel bidding: on July 26th, a steel mill in Jiangsu Province bid for 6,850 RMB/ton of ferrosilicon, with a quantity of 800 tons, accepted including tax and delivered to the factory.

Market outlook

Overall, due to the continuous loose supply from the supply side, the delivery warehouse receipts for ferrosilicon were still relatively high. In terms of price trends, steel mills' profits were still the main focus as of July 26th. Demand was still performing poorly, and steel mills' profits were shrinking significantly. However, as the end of the month approaches, steel mills' enthusiasm for buying goods is still high, and it is expected that the price of ferrosilicon may be downward under pressure in the short term.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

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